For those aged 45-54 in the survey, 38% say they are
concerned that they will not be able to retire when they
want to. Overall, a third of the 2,045 people surveyed
in total say they are worried about financing their
retirement.

More than a quarter said they would "not be willing
to give up any incidental expenses, such as drinks and meals
out, to save towards their retirement."

This is a cause for concern, considering Britons face huge issues
over their pensions already.

My colleague
Jim Edwards outlined in a long-read here, how Britain's
public pensions are severely underfunded due a variety of
reasons. Mostly, Britain had super-low interest rates since 2009
of 0.5%, until they were cut further to 0.25%.

Low interest rates makes borrowing and servicing debt cheap but
it is a nightmare for savers.

They invest this way because the funds are more
risk adverse and government bonds are seen as safe and
steady, unlike asset classes such as equities.

So, if government bonds are not producing returns, this means it
is increasingly difficult for institutions to give workers agreed
pension payouts once they retire.

But on the flipside, if there is a glut of people who are nearing
retirement but have no personally saved enough to retire on
either, this could cause a huge problem for the country in around
a decade's time.